Sanjeev Aggarwal Sells 28,459 Shares of Everspin Tech (NASDAQ:MRAM) Stock

Key Points

• Sanjeev Aggarwal sold 28,459 shares on May 4 at an average price of $19.58 for about $557,227, reducing his stake by 3.36% to 819,422 shares (≈$16.04M), per the SEC filing.
• MRAM traded up ~1.7% to $19.06 on heavy volume, has a market cap of $447M and a one‑year range of $5.49–$22.69, while its 50‑ and 200‑day moving averages are both near $10.6, signaling recent price strength versus longer‑term averages.
• Everspin reported quarterly EPS of $0.11 on $14.87M revenue and set Q2 2026 guidance of $0.000–$0.030 EPS; analysts are mixed — Needham raised its target to $18.50 (buy) but the consensus rating is Hold with an average target of $18.50.

Everspin Tech (NASDAQ:MRAM - Get Free Report) CEO Sanjeev Aggarwal sold 28,459 shares of the business's stock in a transaction on Monday, May 4th. The stock was sold at an average price of $19.58, for a total value of $557,227.22. Following the completion of the transaction, the chief executive officer directly owned 819,422 shares of the company's stock, valued at approximately $16,044,282.76. The trade was a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Sanjeev Aggarwal also recently made the following trade(s):

• On Wednesday, April 1st, Sanjeev Aggarwal sold 19,440 shares of Everspin Tech stock. The stock was sold at an average price of $9.20, for a total value of $178,848.00.

Everspin Tech Trading Up 1.7%

Shares of MRAM traded up $0.31 during trading hours on Tuesday, hitting $19.06. The company had a trading volume of 2,855,305 shares, compared to its average volume of 959,627. The company has a market capitalization of $447.00 million, a PE ratio of 1,908.11 and a beta of 1.75. Everspin Tech has a one year low of $5.49 and a one year high of $22.69. The company's fifty day moving average price is $10.59 and its two-hundred day moving average price is $10.42.

Everspin Tech (NASDAQ:MRAM - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The business services provider reported $0.11 EPS for the quarter. The firm had revenue of $14.87 million during the quarter, compared to analyst estimates of $14.60 million. Everspin Tech had a return on equity of 4.78% and a net margin of 0.50%.Everspin Tech has set its Q2 2026 guidance at 0.000-0.030 EPS.

Analyst Ratings Changes

MRAM has been the topic of several research analyst reports. Needham & Company LLC boosted their target price on Everspin Tech from $14.00 to $18.50 and gave the stock a "buy" rating in a research note on Thursday, April 30th. Weiss Ratings restated a "sell (d+)" rating on shares of Everspin Tech in a research note on Friday, March 27th. Finally, Wall Street Zen downgraded Everspin Tech from a "buy" rating to a "hold" rating in a research note on Saturday, February 7th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Everspin Tech presently has a consensus rating of "Hold" and an average target price of $18.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Herald Investment Management Ltd grew its stake in Everspin Tech by 18.5% during the 3rd quarter. Herald Investment Management Ltd now owns 800,000 shares of the business services provider's stock worth $7,416,000 after buying an additional 125,000 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Everspin Tech during the 3rd quarter valued at about $433,000. Thompson Davis & CO. Inc. purchased a new stake in Everspin Tech during the 3rd quarter valued at about $131,000. Raymond James Financial Inc. purchased a new stake in Everspin Tech during the 2nd quarter valued at about $25,000. Finally, Fortitude Advisory Group L.L.C. purchased a new stake in Everspin Tech during the 1st quarter valued at about $99,000. 44.68% of the stock is currently owned by hedge funds and other institutional investors.

About Everspin Tech

Everspin Technologies, Inc NASDAQ: MRAM is a semiconductor company specializing in the design, development and marketing of magnetoresistive random access memory (MRAM) solutions. Established in 2008 as a spin-out from Freescale Semiconductor, the company pioneered commercial MRAM products and continues to advance the technology through successive generations, including Toggle MRAM and spin-transfer torque (STT) MRAM. Everspin's non-volatile memory devices offer a unique combination of performance, endurance and data retention for a variety of applications.

The company's product portfolio includes discrete MRAM chips, embedded MRAM IP for integration into system-on-chip (SoC) designs and companion devices that leverage MRAM's fast write speeds and low power consumption.

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